INDUSTRIAL PRODUCTION BEATS EXPECTATIONS

Industrial production climbed 0.6% month over month in February,
up considerably from January's revised dip of 0.2%.

Economists were looking for a 0.2% rise.

"A rebound in auto output is expected to drive IP into shallow
positive territory following last month’s 0.3% decline,"
wrote Credit Suisse economists ahead of the report.
"Factory hours worked also dropped by less in February (-0.2%)
than in January (-0.7%), so it’s possible weather effects will be
sequentially less of a factor this month. Weekly utility output
figures point to a decline following the January spike."